Author Topic: Flaherty’s Time as Finance Minister Expires Amid Clashes  (Read 831 times)

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Offline kelee877

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Flaherty’s Time as Finance Minister Expires Amid Clashes
« on: March 19, 2014, 03:58:05 AM »
Jim Flaherty was welcomed into the exclusive club of Group of Seven finance ministers eight years ago at Moscow’s landmark Hotel National with an inside joke.

“What are your two best days as finance minister?” he was asked by Gordon Brown, then the U.K. finance chief. “Your first day and the day you leave.”

That day has come for Flaherty, 64, who said yesterday he’s resigning as Canada’s third-longest serving finance minister, almost 3,000 days after being named to the post by Prime MinisterStephen Harper. He’s set to be replaced today by Natural Resources Minister Joe Oliver, 73, according to a government official with knowledge of the appointment who asked not to be identified because the information isn’t public.
Flaherty’s longevity was built with an aggressive tax-cut agenda and a pragmatic turn toward deficit financing after the 2008 financial crisis. His tenure ends amid clashes with his own government ontax policy and as he struggles to overcome a debilitating skin disease.

Yesterday’s resignation followed a rare policy split with Harper and came a month after Flaherty told reporters he intended to stay in the job. One day after releasing a fiscal plan that projected almost C$45 billion ($40 billion) in surpluses, Flaherty said he didn’t think it would be a good idea to use the funds for family-income splitting, one of the Conservative’s central campaign pledges in the 2011 election.


In loving memory of my son Chris April 12 1985-June 19 2007